UniCredit today announced Dr. Michael Diederich as new Country Chairman Germany of UniCredit and Spokesman of the Management Board of UniCredit Bank AG (HypoVereinsbank) as of January 1, 2018. The incumbent, Dr. Theodor Weimer, will be leaving the Group on December31, 2017. Michael Diederich will report to Gianni Franco Papa, Group General Manager and Chairman of UniCredit Bank AG Supervisory Board.
Michael Diederich will continue to be based in Munich at UniCredit Bank AG. He is currently in charge of UniCredit's German Corporate & Investment Banking activities and will continue to be so until a replacement has been identified. Michael Diederich has been covering this role since he re-joined UniCredit in 2015 after an experience as CEO of Euler Hermes Kreditversicherung AG.
Gianni Franco Papa, Group General Manager and Chairman of UniCredit Bank AG Supervisory Board, commented: "We would like to congratulate Michael Diederich on his appointment. Michael's nomination is a tangible example of the Group's deep talent pool and effective succession planning process. On behalf of UniCredit and the UniCredit Bank AG Supervisory Board I would like to extend our thanks to Theodor Weimer for his significant contribution to the bank and to wish him the best in his new professional endeavours".
Milan, November 16, 2017
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